Donald Trump wants to ban luxury German cars The president of the United States, Donald Trump, proposes a radical move that will prohibit the sale of luxury German cars in the United States.
The polarizing head of state told his French counterpart, Emmanuel Macron, about his plan during a state visit last month, according to several US and European diplomats. It is alleged that Trump said he would maintain the ban until there are no Mercedes-Benz cars on Fifth Avenue in New York.
The shares of Volkswagen, Porsche and the owner of Mercedes, Daimler, fell today following the initial report of the plan of the German business magazine Wirtschafts Woche. The report of Trump’s drastic plan comes after he ordered Commerce Secretary Wilbur Ross to analyze car import tariffs and investigate whether automobile imports are a danger to national security. He also made a similar argument when he imposed heavy taxes on steel imports in March.
Tariffs on car imports could reach 25 percent, which could lead to clashes within the government.
Trump had previously considered the idea of hitting imports with stricter emissions regulations. However, a change in emissions standards will not mean the implementation of new laws. According to the Wall Street Journal, which was the first to report the story, Trump has asked several agencies to consider using existing laws to hit imports with stricter emissions regulations.
Of all the foreign car manufacturers that sell cars in the US UU., European manufacturers will be the most affected. European manufacturers import most of the cars sold in the United States, while 70 percent of US sales of Asian manufacturers come from cars built in US factories: 21 of the 17 foreign-owned automobile factories in the United States also They are owned by Asian brands.
Only 30 percent of European-branded cars sold in the United States are produced in US factories, while imported cars accounted for approximately 21 percent of the 17.2 million cars sold in the US. UU Last year according to figures published by Autodata.